Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: timwa who wrote (3835)	11/5/1997 12:09:00 PM
From: brent gephart	Read Replies (1) \| Respond to of 9695

I agree. This should allow Jmar to keep peeple at the conference focused on there technology and what they can do in the future. This earnings report should also demonstrate the strength of Jmars current products. Brent

To: timwa who wrote (3835)	11/5/1997 2:05:00 PM
From: Bilberry	Read Replies (1) \| Respond to of 9695

Here is the exact info on the Cal Asic aquisition. Apparently we got back slightly more than 50% of the stock that was issued and we still own it. ACQUISITION OF CALIFORNIA ASIC, INC. On May 23, 1996, the Company acquired (the "Acquisition") approximately 94 percent of the outstanding common stock of California ASIC Technical Services, Inc., a Nevada corporation, (subsequently renamed California ASIC ("Cal ASIC")). The Acquisition involved a private tender offer to the shareholders of Cal ASIC (the "Sellers"). As consideration for the Acquisition, the Company issued to the Sellers an aggregate of 1,427,526 shares of its Common Stock. The purchase price was negotiated at arm's length. ====Recent News SAN DIEGO--(BUSINESS WIRE)--Oct. 23, 1997--JMAR Industries Inc. (Nasdaq/NM:JMAR) Thursday announced that it received in excess of $3 million in freely tradable shares of JMAR common stock from the principal sellers of its California ASIC (ASIC) custom semiconductor operation as settlement of certain claims under the terms of the original purchase agreement inconnection with JMAR's acquisition of 94 percent of the entity in 1996. JMAR's ownership position in ASIC will remain unchanged as a result of the settlement, while the total number of outstanding JMAR shares will be reduced by approximately 716,000. --Bilberry